Perth rental market still tilting towards tenants

While there are some small signs the direction of Perth’s property market may be turning around, the rental market in some areas of the city is still less than stellar.

According to figures from the Real Estate Institute of Western Australia (REIWA), Perth is currently home to eight suburbs where the median weekly rent is $320 or less in the three months to the end of February 2016.

Over the same period REIWA puts Perth’s city-wide median weekly rent at $400.

Of the eight suburbs on the list, five of them have a median weekly rent of just $300, while two boast a median of $315 a week and one sits at a median of $320.

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